Triyards net profit up 4% to US$5.3m in 2QFY16

New orders total US$17.8 million.

In a press release Triyards said the four newly inked contracts comprise three wind farm support vessels and a luxury river cruise vessel.

Reporting its financial results for the three months ended 29 February 2016, Triyards said the Group's net profit attributable to shareholders was US$5.3 million on a 15 percent higher revenue of US$70.5 million.

Meanwhile OCBC Investment Research said, "Given the lumpiness in quarterly earnings, we judge this set of results to be within our expectations."

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